Inflation Expected to Ease in January 2024

January’s inflation is expected to ease compared to the end of 2023, although the government is advised to remain vigilant on price fluctuations in the year's first quarter.

Maria Elena

1 Feb 2024 - 18.37
A-
A+
Inflation Expected to Ease in January 2024

Sellers and buyers meet in traditional markets. The government stated that inflation in January 2024 reached 0.29% monthly (month-to-month/MtM), lower than 0.41% MtM in December 2023. This decline was mainly caused by the normalization of demand after the Christmas and New Year holidays and reduced food inflation./Bisnis

Bisnis, JAKARTA — The domestic inflation rate is expected to ease slightly in January 2024 compared to its position at the end of 2023.

Bank Permata's Chief Economist, Josua Pardede, estimates that January’s inflation will reach 0.29 percent monthly (MtM), lower than the 0.41 percent MtM in December 2023. Josua attributed this decrease mainly to the normalization of demand post-Christmas and New Year holidays and a decline in food inflation.

“The decline in food inflation was driven by the deflation of red chili and bird's eye chili prices, along with harvests in several regions. Meanwhile, certain food items such as chicken meat, shallots, and rice still experienced inflation,” he told Bisnis on Wednesday (1/31/2024).

On an annual basis, Josua predicts that inflation in January 2024 will reach 2.56 percent year-on-year (YoY), slightly down from December 2023's 2.61 percent YoY. He noted that the inflation of volatile food prices influenced this development.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Yusuf Waluyo Jati
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.